The sector of playing casino games online in Canada has grown to become very large. The annual gross sales come to about $31 billion, whereas the annual total for all services associated to those sales is approximately $14 billion. This sector continues to expand at a rapid pace year after year, mostly as a result of the proliferation of mobile computing devices such as smartphones and tablets.
A lengthy and fascinating history of gambling may be found in Canada. Some people believe that the first gambling was done with card games that were played by explorers, while others think that the first gambling was done with games that were done with sticks and bones that were done thousands of years ago. It is a far cry from the rapid spread of technology that has resulted in the land-based, online, and mobile casinos that we have come to know and love today. Either way, it makes for an event that is a far cry from the present day.
The Current State of iGaming in Today’s Culture
The industry of online gambling in Canada has grown into a significant company, and this trend is very likely to continue developing in the near future. At the moment, the province of Ontario acts as the hub for online gambling. One can find a large selection of online lotteries, online sports betting alternatives, and online casino games at this location.
The Canadian provinces of Quebec and British Columbia are also notable for their extensive gaming industries. The proliferation of the internet across Canada has led to a significant increase in the number of offshore gambling venues available to residents of the country. Because of this, playing games online has become a lot more affordable and user-friendly for both players and operators.
The Development of Online Casinos
According to the available data, Canadian gamers have access to over a thousand different online casinos, each of which features thousands upon thousands of different casino games. The innovation of software companies like NetEnt, Evolution, Playtech, and Microgaming has contributed significantly to the rapid growth of online casinos. This growth has been made possible by the proliferation of online gambling.
The majority of the online casino games that are available load quite rapidly, which makes the experience that much more thrilling for gamers. In addition, all transactions, including deposits and withdrawals, can be completed swiftly thanks to the availability of a choice of payment options that are widely accepted. Cards like credit and debit, online payment platforms, and cryptocurrencies are all included in this category.
Are Online Casinos Legal?
The only kind of gambling that is expressly prohibited in Canada is participation in virtual games played through a computer network. Although online casinos are not permitted within the borders of Canada (unless they are operated and regulated by a provincial government), it is not against the law for Canadians to play casino games online at sites that are located outside of the nation.
The majority of these offshore websites are headquartered in nations like the United Kingdom, Malta, and Curacao, amongst others. Nevertheless, the Kahnawake Gaming Commission was founded the same year, in 1996. This regulatory authority grants licenses for betting on Mohawk region, which provides the Kahnawake Mohawks with jurisdiction over their own region. To this point, the commission has issued licenses to over 50 casinos, which together own approximately 250 online gambling sites.